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fintech group ag (FLA) Details

FinTech Group AG provides online brokerage services in Germany. It operates a securities trading platform, which combines various security classes, such as shares, bonds, certificates, contracts for differences, ETFs, funds, and forex trading. The company was formerly known as flatex Holding AG and changed its name to FinTech Group AG in July 2014. FinTech Group AG is headquartered in Kulmbach, Germany.

fintech group ag (FLA) Key Developments

FinTech Group AG and Commerzbank's Securities division join forces. With this step Commerzbank becomes the leading b2b CFD (Contract for Differences) trading operator in Germany and will offer this service in the future also to FinTech Group's subsidiary flatex, one of the leading online brokers in Germany. The long-term contract provides for a profit-sharing and a significant one off payment and underpins the strategic goal both parties pursue together. Flatex clients will not be affected by the agreement as only the market maker changes. The CFD order system will be integrated into flatex accounts. This integrated model is also a major competitive advantage compared to other CFD providers. Most of the competitors need to convince new clients to set up a completely new account, while flatex clients have a one-stop trading experience. This transaction will support FinTech Group's transition to become Europe's leading infrastructure provider and operator for financial services technologies.

FinTech Eyes Acquisitions

Jun 3 15

FinTech Group AG (DB:FLA) is looking for acquisition opportunities. FinTech signed an agreement to form a strategic partnership with the aim to offer SafeCharge's clients comprehensive banking services. FinTech Group has approved a capital increase of 0.81 new million shares at €12.45 per share. Total proceeds are €10.08 million will be primarily used to bolster FinTech Group's equity and make it ready for further growth and potential acquisitions.

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